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Green River Holding

GTSM:8444
Snowflake Description

Limited growth with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8444
GTSM
NT$5B
Market Cap
  1. Home
  2. TW
  3. Materials
Company description

Green River Holding Co. Ltd. manufactures and sells rubber solid wood boards. The last earnings update was 90 days ago. More info.


Add to Portfolio Compare Print
  • Green River Holding has significant price volatility in the past 3 months.
8444 Share Price and Events
7 Day Returns
6.2%
GTSM:8444
-0.4%
TW Forestry
1.4%
TW Market
1 Year Returns
-33.5%
GTSM:8444
-7.4%
TW Forestry
17.7%
TW Market
8444 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Green River Holding (8444) 6.2% -20.8% -24.4% -33.5% -60.6% 94.9%
TW Forestry -0.4% 0.1% -1.9% -7.4% 1% 4%
TW Market 1.4% 6% 9.8% 17.7% 27.6% 27.7%
1 Year Return vs Industry and Market
  • 8444 underperformed the Forestry industry which returned -7.4% over the past year.
  • 8444 underperformed the Market in Taiwan, Province of China which returned 17.7% over the past year.
Price Volatility
8444
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Green River Holding's competitors could be found in our database.

8444 Value

 Is Green River Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Green River Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Green River Holding.

GTSM:8444 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in TWD NT$ 2.004090
Payout Ratio Company Filings (2019-06-30) 3085.3%
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year TW Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for GTSM:8444
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.227 (1 + (1- 20%) (112.53%))
1.563
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.56
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.563 * 5.96%)
12.04%

Discounted Cash Flow Calculation for GTSM:8444 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Green River Holding is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

GTSM:8444 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$2 / (12.04% - 2.73%)
NT$21.52
GTSM:8444 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$21.52
Current discount Discount to share price of NT$66.50
= -1 x (NT$66.50 - NT$21.52) / NT$21.52
-209.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Green River Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Green River Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Green River Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:8444 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in TWD NT$-3.74
GTSM:8444 Share Price ** GTSM (2019-11-11) in TWD NT$66.5
Taiwan, Province of China Forestry Industry PE Ratio Median Figure of 6 Publicly-Listed Forestry Companies 21.05x
Taiwan, Province of China Market PE Ratio Median Figure of 1,438 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Green River Holding.

GTSM:8444 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:8444 Share Price ÷ EPS (both in TWD)

= 66.5 ÷ -3.74

-17.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green River Holding is loss making, we can't compare its value to the TW Forestry industry average.
  • Green River Holding is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does Green River Holding's expected growth come at a high price?
Raw Data
GTSM:8444 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17%per year
Asia Forestry Industry PEG Ratio Median Figure of 30 Publicly-Listed Forestry Companies 0.45x
Taiwan, Province of China Market PEG Ratio Median Figure of 244 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Green River Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Green River Holding's assets?
Raw Data
GTSM:8444 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in TWD NT$38.65
GTSM:8444 Share Price * GTSM (2019-11-11) in TWD NT$66.5
Taiwan, Province of China Forestry Industry PB Ratio Median Figure of 8 Publicly-Listed Forestry Companies 1.02x
Taiwan, Province of China Market PB Ratio Median Figure of 1,939 Publicly-Listed Companies 1.46x
GTSM:8444 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:8444 Share Price ÷ Book Value per Share (both in TWD)

= 66.5 ÷ 38.65

1.72x

* Primary Listing of Green River Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green River Holding is overvalued based on assets compared to the TW Forestry industry average.
X
Value checks
We assess Green River Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Green River Holding has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8444 Future Performance

 How is Green River Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Green River Holding, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Green River Holding expected to grow at an attractive rate?
  • Green River Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Green River Holding's earnings growth is expected to exceed the Taiwan, Province of China market average.
  • Unable to compare Green River Holding's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:8444 Future Growth Rates Data Sources
Data Point Source Value (per year)
GTSM:8444 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17%
Taiwan, Province of China Forestry Industry Earnings Growth Rate Market Cap Weighted Average 6%
Asia Forestry Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
GTSM:8444 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:8444 Future Estimates Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
GTSM:8444 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-06-30 2,984 -239 -277
2019-03-31 3,018 4 -182
2018-12-31 3,204 107 -101
2018-09-30 3,338 164 28
2018-06-30 3,398 296 315
2018-03-31 3,467 448 552
2017-12-31 3,461 551 709
2017-09-30 3,526 703 791
2017-06-30 3,394 815 754
2017-03-31 3,124 785 601
2016-12-31 2,831 748 528
2016-09-30 2,377 621 418

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Green River Holding's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Green River Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
GTSM:8444 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Green River Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8444 Future Estimates Data
Date (Data in TWD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
GTSM:8444 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-06-30 -3.74
2019-03-31 -2.45
2018-12-31 -1.35
2018-09-30 0.37
2018-06-30 4.21
2018-03-31 7.38
2017-12-31 9.48
2017-09-30 10.58
2017-06-30 10.09
2017-03-31 8.05
2016-12-31 7.07
2016-09-30 5.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Green River Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Green River Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Taiwan, Province of China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Green River Holding has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8444 Past Performance

  How has Green River Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Green River Holding's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Green River Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Green River Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Green River Holding's 1-year growth to the TW Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Green River Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Green River Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:8444 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,983.79 -276.66 487.90
2019-03-31 3,017.51 -182.06 494.67
2018-12-31 3,203.85 -100.94 518.87
2018-09-30 3,338.28 27.73 503.76
2018-06-30 3,398.29 314.96 493.54
2018-03-31 3,466.55 551.65 461.89
2017-12-31 3,460.89 708.99 421.75
2017-09-30 3,525.79 790.71 428.92
2017-06-30 3,394.23 754.38 393.55
2017-03-31 3,124.26 601.04 385.70
2016-12-31 2,831.08 527.87 377.00
2016-09-30 2,377.18 417.88 337.26
2016-06-30 1,996.31 313.24 303.42
2016-03-31 1,883.77 292.54 287.82
2015-12-31 1,948.14 285.59 283.09
2015-09-30 2,070.36 299.22 275.22
2015-06-30 2,258.80 327.11 280.89
2015-03-31 2,312.48 305.60 294.52
2014-12-31 2,338.20 261.60 297.49
2014-09-30 2,352.29 249.34 303.29
2014-06-30 2,313.41 215.16 314.95
2014-03-31 2,321.29 169.56 308.90
2013-12-31 2,325.14 157.12 301.17
2013-09-30 2,249.93 91.64 293.03
2013-06-30 2,174.72 26.17 284.95
2013-03-31 2,094.89 32.05 273.37
2012-12-31 2,015.06 37.94 261.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Green River Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Green River Holding has efficiently used its assets last year compared to the TW Forestry industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Green River Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Green River Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Green River Holding has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8444 Health

 How is Green River Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Green River Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Green River Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Green River Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Green River Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Green River Holding Company Filings, last reported 4 months ago.

GTSM:8444 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,833.91 5,447.77 1,090.46
2019-03-31 2,716.18 5,344.48 1,245.91
2018-12-31 2,670.59 5,292.60 1,631.32
2018-09-30 2,780.55 5,429.06 2,749.31
2018-06-30 2,681.09 5,186.10 3,054.74
2018-03-31 2,982.60 5,212.45 3,166.27
2017-12-31 2,989.43 5,325.25 3,591.24
2017-09-30 2,952.12 5,302.29 3,792.97
2017-06-30 2,680.43 5,124.56 3,821.02
2017-03-31 2,586.33 2,774.37 1,603.74
2016-12-31 2,474.25 2,177.14 703.96
2016-09-30 2,323.28 2,172.12 602.97
2016-06-30 2,193.12 2,200.68 717.49
2016-03-31 2,225.74 2,081.12 581.93
2015-12-31 2,116.83 1,829.97 405.07
2015-09-30 1,644.93 2,017.23 280.29
2015-06-30 1,617.38 1,745.08 490.65
2015-03-31 1,753.59 1,462.60 594.61
2014-12-31 1,653.12 1,288.70 633.90
2014-09-30
2014-06-30 1,443.05 795.71 476.29
2014-03-31 1,333.17 731.89 164.66
2013-12-31 1,333.17 718.95 164.66
2013-09-30 1,333.17 718.95 164.66
2013-06-30 1,176.37 851.02 67.23
2013-03-31 1,176.37 851.02 67.23
2012-12-31 1,105.16 900.01 52.05
  • Green River Holding's level of debt (192.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.3% vs 192.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Green River Holding's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Green River Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Green River Holding has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8444 Dividends

 What is Green River Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.01%
Current annual income from Green River Holding dividends.
If you bought NT$2,000 of Green River Holding shares you are expected to receive NT$60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Green River Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (2.59%).
  • Green River Holding's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (5.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
GTSM:8444 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Taiwan, Province of China Forestry Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.9%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1337 Stocks 4.1%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.4%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 2.6%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

GTSM:8444 Future Dividends Estimate Data
Date (Data in NT$) Dividend per Share (annual) Avg. No. Analysts
GTSM:8444 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-08-13 2.004 2.490
2019-03-29 2.004 2.102
2019-03-28 2.000 2.319
2018-05-15 4.200 3.731
2017-05-12 3.069 1.996
2017-03-28 3.069 1.770
2017-03-24 3.069 1.716
2016-05-16 2.178 1.379
2016-03-30 2.178 2.568
2015-11-16 1.980 2.698
2015-08-14 1.980 2.726
2015-05-14 0.990 1.585
2015-04-23 1.980 3.722
2014-08-15 0.317 0.790
2014-04-29 0.317 1.042

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green River Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Green River Holding only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Green River Holding's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Green River Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Green River Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Green River Holding has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8444 Management

 What is the CEO of Green River Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Teng-Shih Huang
CEO Bio

Mr. Teng-Shih Huang serves as the Chief Executive Officer and Chief Operating Officer at Green River Holding Co. Ltd. (the “Issuer”) and its subsidiaries, Green River Wood & Lumber Manufacturing (Thailand) Co.,Ltd. (“GRW”), Green River Parawood Co., Ltd. (“GRP”), Green River Panels (Thailand) Co., Ltd. (“GP”) and Thailand Nature Resource Co., Ltd. (“TNR”). Mr. Huang has been a Representative of Forward Thinking Limited, which is a Corporate Director of the Green River Holding Co. Ltd. (the “Issuer”) since September 2012. He has been a Director of Green River Holding Co. Ltd. since September 2012. Mr. Huang graduated from the Department of Water Resources and Conservation of Feng Chia University and obtained his Master's Degree in Business Administration from Ramkhamhaeng University in Thailand.

CEO Compensation
  • Insufficient data for Teng-Shih to compare compensation growth.
  • Insufficient data for Teng-Shih to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team

Teng-Shih Huang

TITLE
CEO, COO & Director

Sheng-Feng Wang

TITLE
Chief Finance Officer
TENURE
5.7 yrs

Mu-Wen Li

TITLE
Chief Sales Officer & Director
Board of Directors Tenure

Average tenure of the Green River Holding board of directors in years:

7.3
Average Tenure
  • The tenure for the Green River Holding board of directors is about average.
Board of Directors

Jung-Hui Hsieh

TITLE
Chairman
TENURE
7.2 yrs

Teng-Shih Huang

TITLE
CEO, COO & Director
TENURE
7.2 yrs

Mu-Wen Li

TITLE
Chief Sales Officer & Director
TENURE
7.3 yrs

David Du

TITLE
Director
TENURE
7.3 yrs

Pei-Lin Pai

TITLE
Independent Director
TENURE
7.3 yrs

Wan-Ling Lin

TITLE
Independent Director
TENURE
4.4 yrs

Jun Chang

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NT$) Value (NT$)
X
Management checks
We assess Green River Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Green River Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8444 News

Simply Wall St News

8444 Company Info

Description

Green River Holding Co. Ltd. manufactures and sells rubber solid wood boards. The company offers particle boards for use in the construction, furniture, and speaker box industries; and solid wood products. It also provides melamine faced chipboards; resins; and rubber wood raw materials, as well as engages in investment business. The company sells its products in Thailand, Malaysia, China, Indonesia, Korea, and internationally. Green River Holding Co. Ltd. was founded in 2000 and is based in Songkhla, Thailand.

Details
Name: Green River Holding Co. Ltd.
8444
Exchange: GTSM
Founded: 2000
NT$4,842,549,950
72,820,300
Website: http://www.greenriverholding.com
Address: Green River Holding Co. Ltd.
222 Moo 4,
T. Thachang,
Songkhla,
90110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 8444 Common Stock Taipei Exchange TW TWD 05. Jul 2013
Number of employees
Current staff
Staff numbers
0
Green River Holding employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 15:00
End of day share price update: 2019/11/11 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.